The ATO has announced a change in the fuel tax credits (“FTC”) rate from 1 August 2017. This FTC rate change is reflective of the bi-annual indexation of rates which are made in line with the consumer price index (“CPI”).

An article in the 4 July 2017 edition of The Australian has caused a bit of a stir by suggesting a broader range of corporate entities than was previously thought would be eligible for small business tax cuts.

Have you ever struggled with determining the correct tax treatment of different travel costs for your employees? Were the employees travelling on business, living away from home, or perhaps they relocated?

With a strong focus on “putting South Australians first” and building on the foundations of the previous budget, Treasurer Tom Koutsantonis MP delivered South Australia’s 2017-18 State budget on 22 June 2017.

Has your company (or parent company) provided free or discounted shares or rights to receive shares to employees, directors or individual consultants (Employees), or their nominees, during the 2017 income year?

Australia has continued its aggressive, unilateral approach to tackling Base Erosion and Profit Shifting, with the Diverted Profits Tax (DPT) introduced to combat multinational companies shifting profits out of Australia.